profit from every PLN 100 of sales.
PLN 0PLN 100
XTB
PLN 139.26+2.85% today
+101.0% in 1 year
1-year low PLN 69.181-year high PLN 184.16
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay PLN 25.38 for every PLN 1 of profit it makes in a year.
CheapExpensive
Not measured for banks and insurers: deposits and policy reserves count as debt, so the usual debt test says nothing about them.
Money in, money out
What XTB sold, what it kept, and what it did with the cash.
Sales went from PLN 1.48 billion in 2022 to PLN 2.12 billion in 2025, with PLN 644 million of profit last year.
SalesProfit
XTB handed back more cash to shareholders than it generated last year.
PLN 641M
Free cash flow 2025PLN 592M
Bought back its own sharesPLN 7M
Paid as dividendsPLN 641M
Cash vs. debtPLN 2.0B vs. PLN 26M
XTB vs. similar companies
XTB grows in the middle of these 5 and is priced in the middle for its profits.
| Company | Profit from PLN 100 of sales | Sales growth a year | Price per PLN 1 of profit |
|---|---|---|---|
| XTB | 25.4× · Fair price | ||
 Morgan Stanley | 17.5× · Fair price | ||
 The Goldman Sachs Group | 15.3× · Fair price | ||
 The Charles Schwab | 17.9× · Fair price | ||
 Interactive Brokers Group | 140.8× · Very expensive |
AI analysis
An AI analyst reads XTB's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of PLN | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,483 | 1,636 | 1,867 | 2,116 | |
| 1,272 | 1,349 | 1,526 | 1,682 | |
| 937 | 947 | 1,014 | 848 | |
| 948 | 983 | 1,116 | 866 | |
| 766 | 791 | 857 | 644 | |
| 6.53 | 6.73 | 7.29 | – | |
| 85.8% | 82.5% | 81.7% | 79.5% | |
| 63.2% | 57.9% | 54.3% | 40.1% | |
| 51.7% | 48.4% | 45.9% | 30.4% |
Balance sheet
| In millions of PLN | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 4,114 | 4,689 | 6,646 | 9,087 |
| Cash | 1,222 | 1,410 | 1,620 | 1,994 |
| Total debt | 30 | 30 | 34 | 26 |
| Total liabilities | 2,608 | 2,954 | 4,642 | 7,086 |
| 1,506 | 1,735 | 2,004 | 2,000 | |
| 117 | 118 | 118 | – | |
| 49.4% | 44.3% | 43.6% | 33.6% | |
| 50.9% | 45.6% | 42.8% | 32.2% |
Cash flow
| In millions of PLN | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,149 | 479 | 828 | 614 | |
| 14 | 15 | 21 | 22 | |
| 1,135 | 465 | 808 | 592 | |
| Dividends paid | 176 | 570 | 590 | 641 |
| – | 0 | 8 | 7 | |
| – | – | – | – |
This is a bank or insurer, so cash-flow and debt ratios are left out: borrowing and lending is the business itself. Price to book and return on equity are the measures that matter here.
Valuation
- 25.4×
- –
- –
- 6.1×
- 7.7×
- 3.9%
- 3.9%
Profitability
- 30.4%
- 33.6%
- 42.7%
- –
- –
Growth
- +12.6%
- –
- –
- +0.1%
How it ranks in Financial Services
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 3%of 827
Top 19%of 709
Bottom 19%of 876
Top 34%of 879
Bottom 37%of 926
3.9%of the share price, paid each year
On $1,000 invested$39a year at today's yield, before tax
–per share
Raised–not every year
How safe it looks
99.5% of its profit
Room to growStretchedMore than it earns: 108.2%
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
79Pass
Benjamin Graham
52No pass
Philip Fisher
79Pass
Peter Lynch
83Pass
Joel Greenblatt
55No pass
Charlie Munger
92Pass
Terry Smith
91Pass
Questions about XTB
Is XTB a good stock to buy?
A strong, very profitable business at a fair price. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the XTB AI analysis
What does XTB do?
XTB S.A. provides online brokerage services across currency derivatives, commodities, indices, stocks and bonds in CEE, Western Europe and Latin America. It is in Capital Markets, based in Warsaw, Poland, with 1,553 employees.
Does XTB pay a dividend?
Yes. At today's price the dividend is 3.9% a year, about 99% of its yearly profit. In 2025 it paid out PLN 641 million in dividends.
Is XTB stock halal?
Yes. XTB passes our halal screen: its business is permitted and its debt is 0.2% of its market value, under the 30% limit. How we check
How has XTB stock done over the past year?
Up 101.0% over the past twelve months, to PLN 139.26. It traded between PLN 69.18 and PLN 184.16 and is 24.4% below its high.
Who are XTB's competitors?
The largest listed companies in the same industry are Morgan Stanley, The Goldman Sachs Group, The Charles Schwab and Interactive Brokers Group. The peers table on this page compares their profit, growth and price with XTB's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.